FormFree announced earlier this week that Fannie Mae chose it as the first “designated vendor” for asset verification through Desktop Underwriter. As part of the Day 1 Certainty program, Fannie Mae will offer “enforcement relief of certain representations and warranties for validated components,” with relief specifically for asset verification that takes effect on Dec. 10. … Read More
Recent press releases and information
“…The LO will need to ensure they are utilizing technology such as mobile applications, mobile pricing, and software allowing them to share updates with their borrowers or realtors at any given time. The LO will also want to focus on utilizing LOSs that are fully integrated with instantaneous verifications providers, such as The Work Number … Read More
FormFree spread the word that, “Four of the most critical pillars of the loan are income, identity, asset and employment. Now that Fannie Mae has weighed in on using automated verification technology for three of these four pillars (i.e., asset via AccountChek and Employment/Income via Equifax) through the Day 1 Certainty Initiative, the savvy lender … Read More
FormFree’s AccountChek asset verification solution is now integrated with Floify’s mortgage automation platform. This enables lenders using Floify’s software – which currently has more than 90,000 registered users – to request, analyze and certify a borrower’s financial data directly from his or her Floify account. Read the full article on MortgageOrb.
Equifax reports that its employment and asset verification services are now compatible with Fannie Mae’s Desktop Underwriter (DU) Validation Service. Equifax also offers asset verification services through its alliance with FormFree, which offers the AccountChek asset verification service. Read the full article on MortgageOrb.
…And in product news FormFree and Floify announced a partnership that integrates FormFree’s AccountChek asset verification solution with Floify’s mortgage automation technology platform. The partnership enables lenders to request, analyze and certify a borrower’s financial data directly from their Floify account. Automated asset verification streamlines the mortgage underwriting process for both borrowers and lenders, who … Read More
FormFree, based in Atlanta, announced that Rate Reset, an automated loan retention and acquisition software provider, selected AccountChek by FormFree as its technology provider for automated asset verification. AccountChek helps financial institutions determine the ability of customers to pay back loans, without the hassle of collecting bank statements or other asset documents. Read this article … Read More
Rate Reset, offering automated loan retention and acquisition software for lenders, has selected AccountChek by FormFree as its technology provider for automated asset verification. Rate Reset says it helps portfolio lenders retain more loans by letting borrowers reset their adjustable-rate loans online. Rate Reset also offers solutions to assist lenders with loan acquisition and generation. … Read More
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Fannie Mae named AccountChek by FormFree its first designated vendor for asset verification, extending reps and warrants relief to lenders who use AccountChek through Fannie’s Desktop Underwriter Validation Service. Guild Mortgage has chosen its AccountChek asset verification service for automated borrower asset review and decision support. AccountChek eliminates the hassle of collecting bank statements and … Read More
Following FormFree‘s announcement during the Mortgage Bankers Association’s (MBA) Annual Convention & Expo that its AccountChek asset verification service is the first to get “designated vendor” status in connection with Fannie Mae’s new Desktop Underwriter (DU) validation service – which is part of Fannie Mae’s Day 1 Certainty reps and warrants relief initiative – Guild … Read More